SK Hynix profit surpasses Samsung, but shares dip on lower memory chip demand

Business

SEOUL :South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would double this year after reporting a record quarterly profit that surpassed its bigger rival Samsung. Shares in SK Hynix, a key supplier to AI chip giant Nvidia, however, dropped 3 per cent on Thursday as the company warned of steeper demand declines in commodity memory chips used in smartphones and computers, due to economic uncertainty and growing competition

SK Hynix profit surpasses Samsung, but shares dip on lower memory chip demand https://www.channelnewsasia.com/ - 23.01.2025 07:35

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SK Hynix profit surpasses Samsung, but shares dip on lower memory chip demand https://www.channelnewsasia.com/ - 23.01.2025 07:35